I have nearly 100k in savings, have a husband and two small kids and am mortgage free (we paid off this mortgage about 8 years ago). a) Should I use my savings to buy the fixer upper and take out a loan to do it up or b) should I try to get a mortgage for the full amount and use my savings to do it up?
Thank you Brendan and thank you RedOnion for your guidance. (This is why this website is invaluable). I might have to look into it further. I wonder would I get a better return if I invested the money instead? I'm thinking more of the kids down the line. It's hard to get on the property market down here as well.
Can anyone direct me to what page/forum I should go to look for investment advice?
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